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JBC corporation has just paid an annual dividend of 12TL per share. The board of directors foresees a dividend growth rate of 7%. The riskfree
JBC corporation has just paid an annual dividend of 12TL per share. The board of directors foresees a dividend growth rate of 7%. The riskfree interest rate is 11%, the expected rate of return on the market is 18.5%, and the beta of the JBC common stock is 1.74. What should the price of the JBC common stock be according to the CAPM and the constant-growth model
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